New West Partners

an investment limited partnership focused on Quality

Note: New West Partners, LP (the Fund) is not taking on any new investors at this time.

Based on feedback from perspective investors, we will be launching two separate funds in the first half of 2025.
One for Quality and one for Corporate Actions.

Until then the Fund will continue to run as it has up to this change. If wanting to be kept in the loop on this, please reach out via the Contact page.

Returns Since Inception

Areas of Focus

Quality

 

The primary focus of New West Partners is identifying opportunities to purchase companies displaying superior business characteristics at a discount to their intrinsic value.

Our approach to achieving this is centered on the idea that investments in public securities should be viewed no differently than a private market purchase of a business. That is, that stocks are not pieces of paper that bounce up and down in price but rather ownership shares of a company.

Corporate Actions

 

The second area of focus is corporate actions, or securities whose results are prompted by some management initiative or legal proceeding rather than the normal supply and demand forces of the market.

Corporate actions provide occasions where a timetable can reasonably be placed on unlocking or creating value. Events such as mergers, liquidations, distressed debt, reorganizations, etc. can provide for such opportunities.

Structure of Fees

Overview

 

The fee structure has been modeled after the original Buffett Partnership for two reasons.

First, it is simple. As we would prefer to allocate time towards investing rather than managing complex fee structures, it suits our goals.

Second, it is one of the best incentive alignment structures we’ve seen utilized in the capital management world. As it is not tied to a benchmark but rather a static hurdle, investors are only paying for throughput and not our back office.

We are big fans of incentive alignment.

Management Fee

 

None

Preferred Return

 

Six percent (6%) accrued (i.e. high water mark)

Performance Fee

 

Twenty-five percent (25%) above the preferred return.

New West Partners, LP is formed in accordance with the Limited Partnership Act of the State of Delaware and is available to accredited investors pursuant to SEC Rule 506(c) of Regulation D.

For more information or to receive our Investor Deck please feel free to reach out.